FDIC to Consolidate Northern Virginia Offices

By Charles S. Clark

November 25, 2013

The Federal Deposit Insurance Corp. announced plans to bring 600 of its employees closer to its Arlington, Va., headquarters, taking advantage of a building steps away left vacant when the Defense Advanced Research Projects Agency moved to a new Arlington location in 2012.

The independent banking regulator, which owns its main building in Arlington’s Virginia Square neighborhood, signed a 10-year lease starting in 2015 for 171,000 square feet of office space, FDIC spokesman David Barr confirmed to Government Executive. The change – set to take effect in April 2015 -- will allow the agency to discontinue a shuttle bus service it has been providing for staff housed at a building in Arlington’s Courthouse neighborhood, where a lease will expire in the next couple of years.